In the turbulent political climate following the declaration and lifting of martial law, the stocks associated with major politicians aspiring for the presidency are experiencing significant fluctuations. According to the financial investment industry on the 4th, stocks commonly referred to as “Lee Jae-myung theme stocks” mostly hit the price limit on that day. Orient Precision closed at 1,470 KRW, up 29.97% from the previous trading day on the KOSDAQ market. Orient Precision is categorized as a theme stock due to Lee Jae-myung, the leader of the Democratic Party, having worked at its affiliate Orient Watch Factory, and he had also officially declared his presidential candidacy there in the past.
Another stock, SUSAI&T, also ended at 11,400 KRW with a 29.99% increase on the KOSDAQ market. This company is similarly classified as a theme stock because its CEO had a history of serving as a co-chair of Lee Jae-myung’s campaign support committee.
Hyungji Elite also ended strongly with a 29.95% increase on the KOSPI market. During Lee’s tenure as the mayor of Seongnam, a free school uniform policy was implemented, linking Hyungji Elite to him as a theme stock.
Stocks considered as theme stocks related to Han Dong-hoon, a representative of the People Power Party, such as Opasnet (29.88%), Taeyang Metal (29.87%), Daesang Holdings (29.94%), and Deokseongwoo (29.95%) similarly hit the price limit. Opasnet lists Shin Dong-hoon as an outside director, who is known as Han’s classmate from the Judicial Research and Training Institute.
Taeyang Metal is associated as a theme stock because CEO Han Woo-sam shares the same surname and hometown with Han. Daesang Holdings became a theme stock as actor Lee Jung-jae, known as a high school friend of Han, is involved, and his partner, Im Se-ryeong, is the vice chairman and a major shareholder of Daesang Holdings.
For stocks related to Seoul Mayor Oh Se-hoon, like Hanil Chemical (2.00%) and Jinyang Chemical (13.66%), the increase was relatively low, but they still showed an upward trend. High-ranking officials from both companies are known to share alma mater ties with Mayor Oh.
However, stock market experts advise caution, highlighting that while these stocks create associative links with politicians to attract investment sentiment, there often isn’t a direct connection between the two parties.